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0:19Now PlayingElon Musk said he will continue to advise President Donald Trump even after stepping away from the Department of Government Efficiency effort he has spearheaded. The comments indicate that the chief executive officer of Tesla Inc. and SpaceX plans to remain in the president’s orbit despite vows to pull back from Washington and prioritize his business empire. As the head of DOGE, Musk’s efforts to slash spending and cut government jobs have drawn pushback from federal workers and Democratic lawmakers as well as a consumer backlash to the electric-vehicle company.
The event Friday served to rebut recent media reports of the world’s richest person falling out of favor in Washington, fueled in part by Musk’s criticism of some of the administration’s signature tariff and tax policies. Trump spoke highly of Musk, even gifting him a ceremonial gold key.
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